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dell specifically focused on this issue this past summer to south america. we're all aware of the iranian threat or their proxies' activity here in this hemisphere. whether it's the thwarted assassination attempt last year where the operatives of the iranian revolutionary guard were trying to use mexican drug cartel connections to enter the united states, to assassinate the ambassador from saudi arabia , or we're aware of hezbollah recently being revealed that hezbollah had a terrorist training camp or a training camp of some origin in nicaragua, here in this hemisphere. last week the iranian deputy foreign minister for europe and the americas visited cuba, venezuela, bolivia and uruguay. this follows the iranian president mahmoud ahmadinejad's frequent trips to the region. most recently iranian naval commanders have expressed their intent to extend iran's maritime presence into the atlantic ocean, closer to the coastlines of the u.s. with this piece of legislation, we seek to protect u.s. citizens from threats from iran and defend american interests and assets here in this
-american and the political history still as imagined in the world and it was once described as the mac of america. you described it as a personality passion was the percussive and syncopated rhythms that have become the soundtrack of the burgeoning south side. he was handy with the drums himself and his jazz lover. there was no better place to be in the 1920s than chicago, the epicenter of the nation's blues and jazz recording industry. >> what is lovely actually about writing about chicago in that time was how many luminaries were there. i think langston hughes was wandering through chicago or louis armstrong and his first days of playing there. there are a lot of people going through chicago then. >> and just to affirm to my local audience -- [laughter] langston hughes, this auditorium we are in his name for langston hughes and he certainly spent many many years here at the schomberg library doing research and doing original pieces of work there are collection so we certainly have benefited from his life and his legacy. chicago also had a dark side and there is a slide that i would like to turn two
the election. >>> bank of america, merrill lynch predicts oil prices in this country will drop to $50 per barrel. the cause? difficulty in moving huge amounts of oil from the bakan oil fields in south dakota and in texas. they don't predict a corresponding drop in gas prices. world oil prices will stay high, and our gas prices will likely track that. >>> americans are upbeat about the economy. 43% of americans say they are optimistic about 2013 and believe the economy is rebounding, nearly twice as many as last year. >> can i ask? the other day, we were talking about the fiscal cliff. and you tell us it will be really, really bad. why does the market keep going up? >> everyone thinks they will fix it. in the market, the question, what will the top rate be for the highest earners. 37%? the market says there will be a deal and lower corporate tax rates. if there isn't a deal, after the first of the year, a big stock market sell-off. >> we'll talk about the 20 days left to the fiscal cliff, straight ahead. >>> still ahead, a prominent republican now officially a democrat. we'll take a closer
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